2,283 +/- Acres Sold in Two Transactions, Two Florida Counties, for Nearly $10M Sold by CBC Saunders Real Estate

FOR IMMEDIATE RELEASE(LAKELAND, FL June 9, 2011) –

Coldwell Banker Commercial Saunders Real Estaterecently closed two transactions of 2,283 +/- total acres in the two Florida counties of Indian River and Okeechobee. Representing nearly $10M in cash transactions by buyers, the ranch and grove sales show that the land market is becoming more active.

At 1992 +/- acres, an Okeechobee County ranch recently sold for $8,172,000. The transaction was a cash deal for investment and family retreat. The property sale Included over a mile of frontage on US 98, a 3,500 SF home, guesthome, stables and various personal property.

Vero Beach Ranchette – Indian River County, Florida

In Vero Beach, 291 +/- acres on 82nd Ave. sold for $1.6M. It was formerly a citrus grove and is zoned one unit per five acres with 2000 ft. of frontage on Ranch Road (82nd Ave). This also was a cash purchase for an investment and future family use.

About Coldwell Banker Commercial Saunders Real Estate
Brokering nearly $1 Billion in sales from 1996 to 2010 and over $750 Million in sales from 2004 to 2011, the Company is highly regarded as an authority on all types of Florida land. The Saunders team of notable land real estate professionals offers advisory and transactional services through its home office in Lakeland, FL and its network of Coldwell Banker Commercial affiliate offices nationwide and worldwide.